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Examples Of How Business Asset Verification Is Performed By An Auditor

Examples Of How Business Asset Verification Is Performed By An Auditor

The real meaning of verification lies in the ownership, existence, and procurement of various assets and is therefore different from the valuation method which rather certifies the value truth of assets and other liabilities. Apart from this, there exist other differences like in the case of

  • The verification process is usually performed towards the end of the year whereas the valuation segment is done throughout the year during the function course of the business company.
  • The responsible personnel. While the verification scheme is properly done by the auditor, the valuation strategy is executed by the proprietor himself.
  • Presentation of Evidence. Verification includes the detailed checking of various title deeds, the receipts of business transactions and payments. Alternatively, the certificate offered by the company proprietor forms the main and only documentary evidence for conducting valuation.

How to verify the cash maintained in a business organization?

  • Is it safe enough to practice money checking only on the last day of the year?

A Case like this is to be handled with care mainly because there is no guarantee that the cash produced for checking was in fact held by the custodian. So, it is wise enough to give a visit towards the mid of year without prior notice to any of the company officials for checking.

  • If more than the expected figure is found with the business cash balance, then all the cashiers connected with the various departments like the petty cashier or branch cashier or any balance account of the employees has to evaluated simultaneously, so that any chance of money shortage in one account is not made appropriate by transferring the amount from another.
  • It is also an advisable option to ask the cashier to be present while the balance is being counted upon. Further, he must be made to sign the balance statement prepared by the auditor which enlists the details of cash balance which is accounted for. Otherwise, there can be chances that the cashier can easily refute the money with him which can put the auditor in an embarrassing stage.
  • If in case, the auditor himself is not able to conduct the verification as per the date is written on the balance sheet, he can ask the client to deposit all the business money with the bank which should be done till the following morning.
  • The auditor should check with all the receipts, payments, cheques, cash book or other payment entries up to the date he counts the cash.

A Brief Overview of Common Derivatives in the Financial Market

A Brief Overview of Common Derivatives in the Financial Market

A Derivative is a contract/agreement between the parties for deriving a value of an underlying security/asset based on its performance. The underlying assets include commodities, stocks, bonds, currencies etc. Derivatives offer an opportunity to the investor/trader to participate in the price fluctuations of the underlying asset. Below are the most commonly used derivatives in the financial markets.

1) Options:

In the financial market, there are two familiar terms that are often spoken “call option” and “put option”. This is used in the option derivatives. Options are the type of contract entered between the parties that grant the buyer (owner or holder of the option) the right of the underlying asset but not the obligation to buy or sell the same at a set price, technically called as “strike price” on or before a specified period or date. The right to buy is called a “call option” and the right to sell is called a “put option”. The strike price may be set based on the market price or at a discount/premium value. Options are traded on the exchange and over the counters.

2) Warrants:

Warrants are the security entitling the buyer (i.e. the holder) to buy the underlying asset at a fixed price called exercise price at the predetermined period/date. They are similar to the option derivatives. Warrants are in general attached to bonds or preferred stock. A Warrant is exercised when the holder informs the issuer (mostly the company) their intention to purchase the security underlying the warrant. Warrants carry long exercise period as compared to options and they are commonly traded over-the-counter. A Warrant must be exercised before the expiry date. A holder has to consider aspects such as premium i.e. the extra amount to be paid for the purchase, leverage, expiration date and exercise restrictions.

3) The contract for Difference:

The contract for Difference is trading on the price movements of an underlying asset. This is again an agreement between a buyer and seller to exchange the difference between the current price and end price of an underlying asset at the end of the contract. If the difference (technically called “spread”), is positive, the seller pays the buyer. If the spread is negative, the buyer pays the seller. The primary advantage of CFD is that it allows the traders to trade in any underlying security without actually owning them. Since the trader does not hold any securities, he/she does not hold any rights/obligation from that asset. They are also called as forwarding contracts for difference. CFD trades are even carried on the digital currency – cryptocurrency that is spinning the entire financial market. Since the market for cryptocurrencies is highly volatile, CFD traders make a massive profit from price fluctuations. Crypto CFD Trader is a trading software that is used by many CFD traders to track the market volatility and trends of cryptocurrencies.CFD traders enjoy a huge profit when the price of cryptocurrencies moves according to the position entered as per the contract.

Derivatives are an effective method to offset the risk arising from the price fluctuation of security. They potentially save investors from losing substantial money from adverse price movements of securities.

 

Cryptocurrencies into the Forex market

Cryptocurrencies into the Forex market

The most popular, developed and regulated market “Foreign Exchange Market” commonly called as Forex, FX or the currency market is the market for buying, selling and exchanging currencies. Currencies differ from country to country. In order for the public to exchange currencies for operational and trading use, Forex market plays a vital role in exchange as they determine the rate of exchange. The major participants of Forex are the banks and the financial institutions.

The digital currency technically called as cryptocurrency is ruling the market now enabling the investor/user to purchase goods and services using the digital currency and at the same time, also permitting them to trade the digital currency. Bitcoin was the first cryptocurrency introduced in the market. The popularity of bitcoin led to the creation of different cryptocurrency such as Ethereum, Litecoin, Ripple etc. With the number of users reaching 25 million, some foreign exchange market has begun integrating the cryptocurrencies into their trading methods. Some of the best Forex traders can trade cryptocurrencies like Bitcoin through their online trading platform.

Completing 8 successful years, Bitcoin still ranks as the top traded cryptocurrency list and the value of Bitcoin are expected to go high. Since this currency is dominating the market and being internationally accepted for purchase of goods and services, many foreign exchange platforms prefer to trade this currency.

Advantages of trading cryptocurrency in the Forex market

1) The primary advantage of trading cryptocurrency in the foreign exchange market is the versatility. It permits the user to transfer, sell or exchange currencies. And, the trader executes this cryptocurrency transaction without any third party which is not the case in case of trading other currency in a Forex market.

2) Cryptocurrency also offers the traders in the Forex market to trade them as a Contract for Difference (CFD) or as a derivative in addition to regular trading. Under CFD, the user makes the profit by trading the price movement of cryptocurrency without actually owning it. There are cryptocurrency robots that help the traders to trade efficiently by reporting the market projections. We have trading bots for CFD trades as well. Crypto CFD Trader is a trading software that uses machine learning and artificial intelligence technology to monitor, analyze and forecast the markets of cryptocurrencies.

3) Trading with cryptocurrencies is beneficial for traders looking for occupying a passive position within the exchange market. With the limited coins to trade bitcoin and lack of volume of other cryptocurrencies in the Forex market, traders must do an intense research and purchase cryptocurrencies like Ethereum that are traded frequently and has a potential growth in future so that he can make a significant return trading the same.

 

 

The Risk and Regulatory Measures of ICO

The Risk and Regulatory Measures of ICO

Call it the quest to make profits, or be a part of the revolution in the financial markets, the phenomenal growth in the number of ICO participants have been on the rise. The attention that the cryptocurrency world is witnessing now has been long due from their perspective; crowdfunding and pre-sale concepts are embedded in the offerings of tokens against the ownership and product/services of the platform are important elements in the offer. One may wonder why all this for mere generation of tokens, or an event to secure digital rights, well only then will the entire world be aware of how much technical advancement is necessary.

The funding for the further research, community awareness, management of the business and operational excellence become key elements. There can always be a question on the investors about the ICO, Is it safe to invest heavily on something that is totally encrypted and digital? That is why it is important to weigh down the opportunities entirely and purchase the coins prudently. The consumer protection in the ICO is questionable, as

  • no formal audits or project feasibility is guaranteed, there are numerous cases of the ICO being abandoned after a lot of money is raised through the crowdfunding
  • smart contracts include the condition today about how the risk of the project being dropped midway as a clause, there is very well the limited scope of technical flaws in the white paper that is a blueprint of the offerings to the public
  • the fundamental method of valuing a token could change and investing with a hope to have higher valuation may not work the way as planned
  • as the resale value is the main basis for the ICO, there is no economic utility aspect, hence that could be a risk that contributors have to bear
  • the markets again are crazy, the highly volatile and sometimes too fluctuating crypto markets will leave the currency exhausted and burn out without a trace, be aware and track them while trading through the BTC Profit trading platform online

There multiple ways were the market could be spooned or front run, using manipulative techniques, with very less regulation there could be a lot of laundering and false promotion of the anonymous token selling activities. There is no mandatory KYC Compliance that ICO issuers have to follow, hence a lot of ambiguity could set in seeing the past ICO history, invest only when there are surplus funds and a loss that can be borne by the investor.

Actions To Take To Ensure Timely Payment By Customers

Actions To Take To Ensure Timely Payment By Customers

Whichever type of business you are running; one thing that you need to understand is that receiving timely payments from all your clients is very important. However, there would definitely be few instances a year where you will run into clients who would delay offering your payment due to one or the other reason. If this becomes more of a trend and majority of your customers continue to send money to you quite late, then it is definitely time for you to take a few proactive actions and change this scenario.

The significance of timely payments

Some of the primary reasons why receiving payments on time are important for you personally as well as your business include-

  • Delayed payments affect the cash flow of your business. If there is no money coming on a timely basis, you would not be able to run all the processes properly and your expansion plans will fall flat.

 

  • Your records will show disruptions and the books would not reflect correct data. It will gradually become difficult for you to maintain the cash flow series.

 

  • This scenario will definitely spoil the reputation of your business and leadership in the market. People and clients will start taking your work and professionalism for granted.

 

  • You might gradually end up having a lack of funds to pay your employees. Though you can always resolve your financial crunches to a very large extent by investing in BTC Profit, things might get worse if not treated in time. Read BTC Profit Review to understand how you can make additional money for such challenging situations in business.

How to ensure payments on time

So, to keep yourself away from such problems, follow the below-given ideas and take action in time to avoid delay in payments by your clients.

  • Make sure that the invoice process in your business is tight. Set conditions where clients get compelled to make payments on time.

 

  • Send formal written warnings to customers delaying the payment process. Let them know what circumstances might rise if they happen to delay the process.

 

  • Try to keep different types of payment modes in your business as it gives the customers a variety of options to choose from and send the money on time. If one mode doesn’t work for them, they can go ahead with the second one.

 

  • Once you realize that a client is delaying payments, again and again, try to avoid doing business with him or her again. Make sure you trade only with teams that are professional in making payments.

 

  • Do not refrain yourself from taking any legal action in case someone delays your payment way too much.

Follow these simple steps and ensure your business runs without any major hurdles.

 

 

 

How To Save Money For Future

How To Save Money For Future

No one knows what is going to happen in future, whether our business will run successfully and get huge profits or the business will make a downfall and will be getting a great loss. Anything can happen at any time and so, it is better to find the ways to save money for our future. Let us take a closer look at the reviews given by the professionals on the ways to save money for our future in brief by clicking BTC Profit Review.

  1. Budgeting:

Budgeting is the best habit everyone should have. Because budgeting will help us to know the unnecessary expenses and so we can stop spending on those things thereafter. So, try to develop the habit of budgeting to have a fruitful future without any worry about money.

  1. Communication:

Communication is a very important one for everything. When we are married, we need to consult with our partners about the cash flow that is how the money is spent and for what we spent and all. Because only the communication reveals the things needed for us. So, communicate well, get to know the cash flow and save the money for the future use.

  1. Don’t borrow:

Borrowing and going for debt is really a very bad habit. Because once we start getting money from others, we will be getting it often. This will lead to addiction and finally, we will be the ones who have to face it all. So, try to stop getting loans and borrowing money from others as it is a dangerous one for our future.

  1. Reduce the expenses:

If we want to save money for our future, we need to cut off some expenses which are unnecessary. We all will spend money if we have enough in hand but this should not be the case. We need to think about our future and start saving it without spending much.

  1. Needs and wants:

There is a vast difference between needs and wants. We could not stop getting the needs but we can reduce buying the wants. We all want to buy everything we want to. But if we do like this we will be in a tragedy in future. So, think of it and spend your money on the needed items.

Conclusion:

Thus conclude that saving should be needed in our life but we should save money without spoiling our enjoyment. That is the main thing because most of the people concentrate only on savings and they will never think of their present happiness.

The Role Of Fund Manager In Our Investments

                               The Role Of Fund Manager In Our Investments

The path to wealth creation is long and a hard-working one, creating the wealth in form of digital assets, or stocks and investment that can be redeemed in case of need is a time consuming and meticulously planned approach by individuals. The responsible way to invest and develop a strategic approach to continuously map, monitor and advice clients is the primary role of a fund manager. The market conditions and the economic trends, continuously watched and the fund managers analyze securities for making informed decisions.

Striking a balance between the investors and the fund houses, these professionals have a lot of research and knowledge when it comes to suggesting the best-fit fund for your requirement,

  • implementing the strategies they devise for each client after careful analysis of the finding and the market, these fund managers are doing the dual task of managing the trading activities using the  automated trading robot   on one hand and implementing the investment strategies suggested by them
  • accounting for the investment, arranging the auto debit from the investor’s bank account, attending various workshops and to keep things in control for the high equity investors is quite a challenging task
  • most of the fund managers excel in professional qualifications and use all their learning into practical use, they even trading platforms like use the BTC Profit to monitor the movement of stocks and digital currency pricing
  • using the high profile services of fund managers in private equity companies will give a huge scope of exposure into profitable stocks
  • with technology so advanced there is a lot of things online for the investors to themselves track, however, there are minute things that the fund managers catch and let us know that we may not be aware of
  • fund management is an ongoing process and there is no full stop or just existing out of a high profile, and diversified portfolio overnight, it is a journey of carefully planned investment

Buying, selling and hold are the day-to-day activities that fund managers do, beyond that it is purely an analytical role, of managing the client portfolio and continuous charting and understanding the spreads in international and domestic markets. Investing online sounds simple, however, a clear understanding on how the online investment platform works and can there be switching of funds is important before trying to make any impulsive changes to the portfolio.

Why Should You Budget

Why Should You Budget

Can we control our expenses in times of rising expenses and falling economy, for ages our elders have been preaching about the habit of saving from childhood, simple methods used have always been the focal point in establishing empires. The main objective was to plan, budget and stick to the budget so that there is enough fund to use during the retirement years. Why is a budget important? As they, help in the spending of money prudently, there always has to be money going in and out in households.  Setting future goals and utilizing the money for the retirement is one of the main aims today to budget and spend.

  • sorting the money for the different buckets of fixed and variable expenses is a lot easier and helps to keep track of where the major chunk of money is going
  • paying off credit cards, loans planning a long pending vacation, and paying off huge outstanding bills all are evenly spread once budgeted
  • choose a time period even if it is as short as for a week, fortnight or on a monthly basis, knowing the budget will help you to postpone some lavish expenses that could be impulsive,
  • also using any surplus money should be invested wisely like trading in the  automated trading robot  by using the software trading platform BTC Profit, while the robot does the trading, without having to interfere with anything manually
  • frequently checking the bank statements to analyze the card payments done, and cross-checking helps in matching any card swipes that is erroneously charged form the bank
  • using the budget planner is again an art, drawing up a budget, and not going back to check all the expenses regularly will not serve the purpose, when it comes to planning bigger investments like buying a house or vehicle

Using surplus money wisely is the key to plan for the future, putting the money in the bank and forgetting will not work for the planned budget, investing the surplus money either by

 

  • the saving account that gives a high-interest rate
  • invest in liquid funds that will give a higher return than a savings account
  • increase the number of one time contributions in the pension schemes or top up the systematic investment plans

The basis of planning and budgeting is not merely to understand the expenses, but also to know how the expenses are rising when compared to a meager rise in income.

 

 

 

I Have Never Repented Taking Trading On This Wonderful Software

I Have Never Repented Taking Trading On This Wonderful Software

 

Getting to know the world!

When I broke up, I did not know that this world was such a cruel place to be!

I had nothing on me and I was marooned. But something inside me kept telling me that it was not the end of it all! I am a fighter; yes I have always been and I knew in my heart that I would overcome this terrible situation come what may!

I eventually did!

I borrowed a sum of $250 exactly from an old acquaintance who kindly gave it to me without any attendant clauses. I have returned her money back since and I could see the joy on her face when I did that.

With the $250 that I borrowed, I diligently invested in software by opening a trading account on BTC Profit. The automated trading robot is a hit; let me tell you that for a start.

I had a vague idea of how it worked but the demo account feature there nailed did for me!

In less than five days, was trading and making good profits. The key was the consistent profit that made every day.

They say, every drop an ocean fills. Slowly and steadily, my savings corpus was swelling. I have always had this habit of switching off the trading robot once the target profit for the trading day reached and that helped me not take unnecessary risks. Clearly, I could not afford to lose a single dollar more.

Slowly, I built my life again:

One important truth that I learned from my bad phase was that money however basal in nature is absolutely essential to living a dignified life. No one and mark my words, no one is going to care for you let alone stand for you if you have no money on you.

Even your own blood!

I mean it as I say it. I have Goosebumps but of course, I have experienced this. My own siblings never even cared for me when I was homeless. They now talk to me because they think I have a little on me and that I won’t be Any MORE dependent on them.

Begin trading and saving!

Take my advice; you must have a savings corpus to not compromise on your self-esteem. Dignity is everything people, everything!

This software is the most legit that I have come across. Log in today and you will be thanking me someday!

 

Why should you worry about taxes as a cryptocurrency investor?

Why should you worry about taxes as a cryptocurrency investor?

Investments are of high priority in this age of volatile economy. With prices of essential commodities fluctuating and with the standard income reaching near saturation everyone needs to find a way to make their money work for them. If your money could fetch you additional income then you would definitely be able to plan your finances well. But that is when you should also obtain additional clarity about the taxes. When there is an additional income there comes the additional taxes to be paid. So it would be a good idea to start planning about your taxes and look for tax saving strategies right from the beginning.

Cryptocurrency trading or any form of trading for that matter is known to be one of the easiest and the quickest ways to make additional income. The tax norms for each type of trading and in each country might be different. Trading itself can be done either independently or with the help of trading bots like Bitcoin Trader. Learn more about it to understand the type of profits you can make with a trading bot like this one.

Taxes on your profits

Cryptocurrency trading can be a lucrative option. But the large profits made would also attract large tax payments. Capital gains tax might be high on trading cryptocurrency CFDs. There are many such variations based on the type of trading, the frequency of trading as well as the budget invested. Understanding the relationship between the various aspects would help understand the tax structures better. When you understand the taxes better you would be able to save on the taxes paid on the crypto investment profits. The tax rules differ from one country to another. The US is one of the pioneers in imposing strict taxing norms for the crypto investors. With the regulations on crypto trading in general falling in place in most parts of the world, the tax exemption rules would also change a little in the coming years.

The changes experienced would impact not just the crypto currency investors but also the exchanges and the crypto companies. The accurate figures would be scrutinised and the process would be streamlined. In spite of the initial discomfort that this one might bring this would be a good way to set crypto currency trading as a strong and dependable investment plan for every type of investor. This would also make it easy to file the taxes for crypto profits.